Government Reopening in Sight, Markets Refocus: Key Investor Conferences to Watch Before Year-End

The longest government shutdown in U.S. history may soon be in the books. That's welcome news for Americans reliant on any number of federal programs. It's also a relief for millions who intend to travel by air to gather with family and friends for Thanksgiving, which is a mere 15 days away. Investors have reason to be grateful too, as a busy conference docket now through the holidays is likely to help clear up what has been a foggy macro backdrop, given the dearth of official data since October 1.

Mood: Miserable, Spending: Pretty Strong

Aside from lingering airport tie-ups and frustrating flight delays, angst has picked up over the state of the broader economy. Last Friday's University of Michigan Consumer Sentiment survey tallied the second-worst reading in its nearly 80-year track record.¹ What's more, the expectations subindex printed a record low. Households are not happy. But, as always, it's the "watch what consumers do, not what they say" economy.

Indeed, the National Retail Federation (NRF) issued its much-anticipated winter holidays spending forecast last week, and it shows a solid 3.7% to 4.2% year-on-year jump for the November–December period.² In fact, total spending could top $1 trillion for the first time. It wasn't an all-around cheery report, though, as average spending per person is expected to drop from $902 in 2024 to $890 this year.

AI Still Rules the Market Mindset

Retail is but one macro angle. Artificial intelligence (AI) remains the linchpin of the bull market, at least by many accounts. We saw that throughout the Q3 earnings season. Big-cap tech profits and margins were stout, while AI hyperscalers, specifically, stirred Street optimism with another fresh set of incredible capex intentions. All of it comes to a head next Wednesday afternoon when NVIDIA (NVDA) hosts what's now routinely dubbed the Super Bowl of AI—its third-quarter earnings report and conference call.

Between the consumer and AI, the bifurcation between Main Street and Silicon Valley feels wider than ever. Stuck in the middle is Wall Street. Strategists are on shaky footing as they attempt to lean on what data is on hand for their 2026 forecasts. The wise ones will pay extra attention to corporate events and conferences on tap over the weeks ahead.

All Aboard the Last Leg 2025's Conference Journey

Regular investors can also glean valuable insights. Although you might not have a direct invite, some events post slides and transcripts, while many companies publish their own mid-quarter updates from such conferences on their respective Investor Relations pages. But what are the major gatherings that could drive volatility? Here are the big ones on time for arrival as we wrap up 2025:

Information Technology & Communication Services
November 12: Morgan Stanley European Technology Media and Communications Conference
November 13: Baidu World
November 13: World Economic Forum Annual Meeting on Cybersecurity
November 17: JP Morgan Global TMT Conference Asia
November 17: Microsoft Ignite
November 18: RBC Capital Markets Global Technology, Internet, Media, and Telecommunications Conference
November 18: Wells Fargo 9th Annual TMT Summit
November 20: Needham 6th Annual Tech Week
December 1: UBS Annual Global Technology and AI Conference
December 2: UBS Global Media, Telecoms Communications, Technology Conference
December 8: Bernstein Semiconductor Forum
December 10: Barclays 23rd Annual Global Technology, Media and Telecommunications Conference

Health Care
November 17: ICR Healthcare 13th Annual Healthcare Conference
November 17: Wolfe Research 7th Annual Healthcare Conference
November 17: Jefferies 16th Annual London Global Healthcare Conference
November 20: Canaccord Genuity 19th Annual (MedTech) Medical Technologies & Diagnostics Forum
November 26: UBS BB Healthcare 1-1 Conference
December 2: Piper Sandler 37th Annual Healthcare Conference
December 2: Citi Global Healthcare Conference

Consumer Discretionary & Consumer Staples
November 12: JP Morgan Global Luxury Conference
November 13: Deutsche Bank Gaming, Lodging, Leisure & Restaurants One-on-One Conference
November 18: Jefferies Miami Consumer Conference
November 19: Barclays Global Automotive and Mobility Tech Conference
November 20: Truist Securities Gaming, Lodging, Leisure, and Restaurants Summit
November 24: Citi Business, Leisure and Transport Conference
December 2: Morgan Stanley Global Consumer and Retail Conference
December 3: Barclays 11th Annual Eat, Sleep, Play, Shop Conference
December 9: Citi Global Consumer Conference

Financials & Real Estate
November 18: Citi's 14th Annual FinTech Conference
November 18: Jefferies Real Estate Conference
December 3: UBS Global Real Estate CEO/CFO Conference
December 10: Goldman Sachs U.S. Financial Services Conference

Industrials
November 18: NYSE Industrials Virtual Investor Access Day
November 18: Baird Defense & Government Conference
November 18: Scotiabank 25th Annual Transportation & Industrials Conference
November 19: Deutsche Bank Global Space Summit
November 20: Citi Defense Conference
November 27: Jefferies Industrials Summit
December 2: UBS Global Industrials and Transportation Conference
December 10: Bernstein Insights: 4th Annual Industrials Forum

Energy & Utilities
November 12: Goldman Sachs Carbonomics Conference
November 17: Macquarie Global Energy Transition & Commodities Conference
November 18: Bank of America Clean Energy Symposium
November 20: Wolfe Research Global Oil & Gas Conference
November 25: Morgan Stanley Utilities Day
December 3: Jefferies Renewables and Clean Energy Conference
December 9: Wells Fargo 24th Annual Energy and Power Symposium
December 11: Jefferies 11th Annual Virtual Storage and Battery Conference

Materials
November 14: Deutsche Goldmesse German Gold Show
November 20: Deutsche Bank 10th Annual Lithium Supply Chain Conference
December 1: Citi Global Basic Materials Conference
December 2: Scotiabank 27th Annual Mining Conference
December 3: Bank of America European Materials & Infrastructure Conference

Regional
November 12: Berenberg Pan-European Discovery Conference USA
November 12: JP Morgan U.S. Opportunities Forum
November 17: Goldman Sachs 17th Annual CEEMEA One-on-One Conference
November 19: Bank of America EMEA Consumer and Retail Conference
November 19: Morgan Stanley 24th Annual Asia Pacific Summit
November 20: JP Morgan European Financial Conference
November 24: Jefferies GEMS Conference
November 26: JP Morgan APAC Consumer Forum
November 27: UBS Asian Consumer, Internet and Gaming Corporate Day

Investor-Specific & Multi-Sector
November 12: Wolfe Wealth Symposium
November 12: Bank of America A Transforming World Conference
November 18: Citi Dubai Conference
November 18: JP Morgan Ultimate Services Investor Conference (USIC)
November 19: Sidoti November Microcap Conference
November 26: Deutsche Bank Virtual C-Suite Conference Call
December 1: Bank of America Securities Leveraged Finance Conference
December 1: Goldman Sachs Industrials & Materials Conference
December 10: Sidoti Winter Small Cap Conference
December 10: Melius Research Conference

1 Preliminary Results for November 2025, University of Michigan, November 12, 2025, https://www.sca.isr.umich.edu/
2 Winter Holidays Data and Trends, National Retail Federation, November 12, 2025, https://nrf.com/research-insights

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